Russia Sells Shares of Sheremetyevo Internatiional Airport

Russia is ready to sell stake in its capital's airport Sheremetyevo to a strategic investor, who wishes to develop this aiport of Moscow, the First Deputy Prime Minister Igor Shuvalov said on Tuesday to reporters.

"We started with Sheremetyevo International Airport, perhaps, our proposal will expand. While our preliminary understanding of the situation is such that the investor may be interested in the whole Moscow aviauzel" - said Shuvalov.

"This year or early next year as planned we will give a long-term concession or lease, or we are even ready to sell (shares of Airport)," - said the First Deputy Prime Minister.

Currently, the largest Russian international airport is 100% state owned. Airport in 2009 handled 14.76 million passengers. The airport has organized an international hub alliance of SkyTeam, it also collaborates with the airlines, representing the oneworld alliance and StarAlliance.

According to Shuvalov's Sheremetyevo international airport a few interested investors, "but you may receive an investor with another volume of investment, if our proposal could be expanded.

"What is important is not the price, and infrastructure projects", - he added.

The Board of Directors of OJSC Sheremetyevo International Airport "has chosen a consortium of Credit Suisse and the Troika Dialog investment advisor to the consolidation of assets of the airport and attract management company. Also investkonsultant would submit recommendations on the privatization of shares Airport after the completion of the consolidation.